The rest of the rest…
• On top of everything else, the federal government runs out of money in three weeks. David Rogers offers a lay of the land. Senate Democrats want to package the remaining spending bills into an omnibus and finish off the FY 2012 budget by the end of the year. Easier said than done.
• Dean Baker has a provocative suggestion in Al Jazeera today that the Federal Reserve should guarantee European bonds, basically stepping in for the ECB. This is not a spotless proposal, but one must also consider the alternative of Eurogeddon.
• In another provocative take, Thomas Edsall writes that the Obama campaign plans to effectively give up on attracting white working class voters in 2012. First, there’s no reason that it’s an either-or scenario. Second, the greatest gains over 2010 in the big races so far this year – particularly in Wisconsin and Ohio – have come from bounce-back performances by Democrats or the liberal position among the white working class. So abandoning that would be a mistake.
• The one candidate running for President who actually dares to utter the word “robo-signing” – with not a little derision – is Jon Huntsman.
• Markos rallies the troops on the Internet censorship bills working their way through Congress, which would really destroy sites with user-generated content like his.
• James Livingston has the best anti-austerity screed in a major news outlet in years in Bloomberg today.
• As the weather turns, the low-income home heating cuts are going to really loom large.
• While Ben Nelson still looks dead in Nebraska in 2012, the Democrats may be able to add another competitive race to the ledger, as the emergence of former Surgeon General Richard Carmona as a candidate has made the open seat in Arizona competitive.
• One reason to keep Carolyn Maloney out of the House Financial Services committee chairmanship is that, while she’s by most standards a good public servant, she represents the Wall Street area, and her blind spots on the excesses can be seen with this unfortunate legislation she’s co-sponsoring that would gut derivatives regulations.
• In desperation, Texas Republicans are appealing to the Supreme Court to stop the new court-ordered redistricting maps that stop the gerrymander and benefit Democrats. Nice overreach, Texas GOP.
• Barney Frank’s retirement won’t stop conservatives from erroneously claiming he caused the housing crisis.
• People seem to forget that Newt Gingrich was near the top of polls at the end of 2010 before the campaign began in earnest, solely because of name recognition. There’s at least some reason to believe that his surge will be more lasting than some of the other Not Romneys.
• More GOP primary news: the DNC keeps tweaking Mitt Romney; Rick Perry secures the racist sheriff vote, which you would think could help him with the soft on immigration charges; Herman Cain tries the pre-emptive grab for scandal attention trick today, by announcing that a woman will come forward with details of a 13-year affair even before she did.
• One big news item over the holiday weekend was that the AT&T/T-Mobile deal was placed on life support by the FCC. In the aftermath, there’s room for another player, at least, in the telecom space.
• New home sales are stuck in a pitiful position, basically moving sideways in a broken market.
• The Marines are coming around to the repeal of Don’t Ask Don’t Tell quietly and without incident, which is what most of us expected.
• What are we to make of the explosion at an Iranian missile site?
• The Arab League approved sanctions on Syria today, sending that country further into isolation.
• One of the heads of the lobbying shop that wanted to smear Occupy Wall Street is throwing a fundraiser for Mitt Romney.
• Good for the National Press Club for lifting their suspension on a journalist who aggressively questioned a Saudi prince.
• That Kansas teenager will not be punished by her school for tweeting that Gov. Sam Brownback sucks, and she even got Brownback to apologize to her.
• If Joe Paterno had to go, Jim Boeheim may be next, even though the Bernie Fine allegations are not nearly as clear-cut as the Jerry Sandusky ones, nor is there any indication that Boeheim engaged in a cover-up.
• RIP Ken Russell. Watch Lizstomania in tribute.
• A pro-Sarah Palin group plans to blow all their money, in spectacular, Harold Camping supporter-like fashion.



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Drones over our homes and farms and just about everywhere in the air.
Nice come-uppance from the TX redistricting fiasco: Texas State Rep Aaron Pena, Democrat who switched parties in 2010 because the redistricting maps seemed to favor his running as a Republican, thus handing the Republicans a supermajority in the state house, has now decided not to run for re-election. Waaaaa.
Re-occupy! Carolyn Gage, home-owner in San Francisco’s Bayview Hunters Point has returned to her home after being evicted earlier this year: “I’ve been in here for 50 years. I know no other place but here. I left and it was just time for me to come back home . . ..” Her entire neighborhood seems to agree.
How’s that austerity working for you, Andrew Cuomo?
Third entry: Thomas Edsall writes that the Obama campaign plans to effectively give up on attracting white working class voters in 2012.
So the great thinkers of the Democratic Party are giving up on working class whites, at least those without college degrees? Well, I guess it’s hard to look realistic in working for the well-being and benefit of the working class when the party is trying to get major funding from the same One Percenters that the Republicans have done so well with. For decades.
Kind of hard to suck up to banksters and look honest when trying to bamboozle the working class. I guess I’m glad Obama recognizes this cognitive dissonance. It should make it easier to not vote for him.
Wow.
Yet, these thinkers, and Obama I assume, see the way to success for the Democratic Party via minorities of varied economic classes, progressive affluent suburbanites, single women, and “young people” — like those supporting the Occupy movements? Riiiiiiight. Obama is supposed to say the right words to get working class members of these groups to believe he gives a damn about their futures, while currying favor with the bankster types? Really? They won’t notice that he’s doing squat for their future security and health care?
An audacious stupidity.
We so need a real third party, one which represents the 99% in a progressive way.
Looks like Cuomo the Younger is working from the same playbook as Obama. Screw the working class, lower middle class, and suck up big time to the One Percenters.
I’m amazed people haven’t figured out yet that he has his father’s name, but not his believe if the Democratic Wing of the Democratic Party.
You go, Ms. Gage! I love it — the Re-Occupy Your Home movement!
December 6th of this year. I hope it works out for many, many people.
This tweet kinda fits just about any bankster situation:
Yup.
Via:
http://whynow.dumka.us/2011/11/24/early-morning-thoughts/
Ever heard of the Bradley Foundation? Apparently, it’s ripe for scrutiny.
From local roots [Wisconsin], Bradley Foundation builds conservative empire
The dollar quote (in more ways than one): “But the Bradley Foundation is in a different league: From 2001 to 2009, it doled out nearly as much money as the seven Koch and Scaife foundations combined.”
What’s red hot, smoking and not married to Tim Pawlenty?
Wisconsin Dems claim to have over half the number of signatures needed for the recall Walker campaign–and they’re only 12 days into the 60-day time period allocated for gathering the signatures.
Adult Day Health Care centers across CA were prepared to close, following state budget cuts, leaving 35,000 frail elderly facing the prospect of nursing home placement. Disability Rights California filed a lawsuit, arguing that placing people at risk for institutionalization violated provisions in the Americans with Disabilities Act. They won. As a result, ADHC in CA will be covered through a community-based program. The state is now gearing up for the new arrangement.
At the other end of the age spectrum, a CA judge has ruled that funds from the First 5 program for childhood development services cannot be shifted to MediCal. Gov. Brown tried to use $1billion of those funds to pay for Medi-Cal covered services for children to age 5, saying it was consistent with First 5 goals. Judge Debra J. Kazanjian disagreed, ruling “But that argument is disingenuous in that it was the legislature that ‘chose’ to cut funding to existing services instead of taking what might be the unpopular step of raising revenue.” Heh!
They think they’ve found the missing $200 million in customer funds from MFGlobal, which seem to have been transferred to JPMorgan Chase. The find, however, just might open up more cans of worms.
As in the case of Bruce Ivins, it’s supremely convenient to blame the dead guy.
Huh? Guarantee european bonds? Seriously? WTF
Why not? American
bankerscasino operators are the ones responsible for the European collapse.No, No, NO. They done it all to themselves and they can fix it all themselves. Put angela in jail and let the ECB do what a central bank should do.
Reserve a space for John Corzine at the greybar motel.
You bet. I would put a whole bunch in there. Imagine giving these bastards 7.7 or 16 Trillion whichever is the right number, and how many of them went to jail?
How may I lose the election. Let me count the ways.
O doesn’t need voters as long as he has donors. /s
Agreed. They should have known better than to be sucked by the circus carnies.
These guys and their banks actually made money during the “crisis”. Meanwhile we lost 8 million jobs.
I havn’t read the article but methinks he already lost the working whites.
“Dean Baker has a provocative suggestion in Al Jazeera today that the Federal Reserve should guarantee European bonds, basically stepping in for the ECB. This is not a spotless proposal, but one must also consider the alternative of Eurogeddon.”
What could possibly go wrong?
Oh wait, we no longer worry about consequences bc it is TheEndOfTheWorld (again) and all that matters is saving The Banksters (again). Whatever it takes.
Oh no, not Ben Nelson!
Protestors storm UK embassy in iran and take hostages.
Seems Obummer presidency is a replay of carter.
Excuse my french, but fuck the banksters. First we put them in jail, then Angela, then the ECB does what it is supposed to do and then we think about it. I think Baker got his degree where Ben got his.
They have to find a way to cover their losses for investing in Europe.
This might be the answer.
Giving up without a fight seems particularly stupid, right along the lines of the other eleventy mention tactics of O.
They believe in the linear correlation between bankster dollars and votes. The key factor in that is the unlimited amount of brainwashing they can do on the TeeVee.
Imagine what would happen to that theory if people en mass decided to unplug the TeeVee in the months before the election.
I ordinarily agree with you but I don’t really care in this case. I don’t think he deserves another term anyway.
Banksters uber alles. /s
A supply side economics corollary. Banks can work miracles if you give them enough money.
I don’t care either.
Instead of working to enact policies that would benefit its natural constituency, Democrats feel the greater need is to engage in smear campaigns.
We used to say that about engineers, who always and always overran their projects.
All my house projects resemble that.
From what I’ve read, Baker’s proposal is a nonstarter bc it will infuriate the strong-dollar folks. Besides, since Baker comes from the Left we can safely assume the suggestion is going nowhere with Obama and Geithner.
Reading Tom Ferguson’s “Right Turn,” it is uncanny how much the Obama Presidency resembles Carter’s. Not a compliment.
Whatever happened to this thing they uesd to call accountability. This is called hostage taking. Give em a hostage even before they do a damn thing.
Haven’t read the article, but on the surface it sounds like yet another way of looting the U.S. taxpayer. Sounds straight out of neolibrul bible.
If Baker is coming from the left, I have to move.
I think it is the first cousin of what happened here a few years ago. No one pays a price. they just stand still and collect dollars and we all get fucked.
Your take appears to be the consensus. It’s a planned step in the consolidation of power.
You must be thinking of capitalism. We moved past capitalism long ago into plutocracy. And putocracy means never having to say you’re sorry (if you’re a plutocrat, that is).
Shit, that’s it. I knew I missed something along the way.
You owe me a drink. I went to bed early last night and made up for it by sleeping late this morning. Recouping from outdoor work, so another cuppa coffee would be nice. :-)
They’ve noticed that they work for the Republicans so it must be wonderful. Being apparently too stupid to realize that behaving like Republicans doesn’t work, (the 2010 bloodbath among blue dogs notwithstanding), the Vichycrats have now started to emulate their campaign tactics too. Just more evidence that we have one single party; of the rich, by the rich and especially FOR the rich.
Did you finish all the work you have to do before winter?
In the past one reason for voting Democratic was because the party didn’t engage in the underhand tactics of the other side. As you point out, now there’s no difference.
It’s huge limbs of a weeping willow tree that came down in the storms last August. It is far enough away from the house (though JUST missed the beehives) that it can just be left, unsightly as it is. Problem has been that everyone who does that kind of cleanup work is busy with more pressing stuff. My yard guy finally got his own projects finished enough to come over with his chain saw & cut it into chunks that I can lift into the tractor wagon & cart back to the burn pile.
So it’s not winter prep work per se. I’m set for that. It’s cleanup. And messy bc ground is so soaked that tractor leaves ruts & wood is so wet it’s difficult to burn. But I’ve made a lot of headway. About 3/4 cleaned up.
The proposal is fucking ridiculous. The Fed (read: U.S. taxpayers) should bail out European banks to prevent a double-dip recession. I like Dean Baker but this proposal is completely off the rails.
Bill Mitchell:
Link
Might need to let the wood cure a month or so it will burn easily. Is the willow still presentable, or does it look deformed now?
It also would end all blogging as we know it for all but the richest bloggers, and probably force all but the most well-heeled newspapers to cut back on their comments and letters threads and sections.
Not the first time Baker’s gone off the rails on the neolibrul side. Revaluation of yuan, which he touts at every opportunity, is another trick to impoverish U.S. consumers.
Wood can’t ‘cure’ by lying on soaking wet ground. Broken off pieces are spouting new growth.
WW looks like shit, but taking it down would be very expensive. I’ve got several gigantic ones in similar condition and letting nature take its course.
Too bad about the WW. They are high maintenance trees. I have one at the corner of my property which is the landmark of the neighborhood. I planted it 30 years ago, but unfortunately a few feet too close to the road. The township comes through once a year to give it a haircut because the droopers extend over part of the road.
Sounds like your land would be a lot soggier without the willows.
Regarding Ben Nelson: When are Democrats going to learn that they can’t be Republicans and win?
Rainfall this year is a foot or two over previous record and the year isn’t over yet. Lots of big trees have come down just bc ground is like pudding & roots can’t hold.
OK. Making venison chili on today’s agenda. BBL.
Good for Mitchell. Him, I listen to. Baker, not so much.
You got it.
I’d seriously recommend anyone who thinks Baker is not simply insane to go read that link. The guy is a freaking idiot.
Time for the EuroZone to go the way of the dodo. Any bail out to the system is a bankster bail out!
That seems the best way for all concerned. It makes no sense at all to cause an inflation here in the US to try and save the euro which can’t work in any case. Mitchell thinks the euro should go too. So we are in good company.
I have come to the conclusion that:
No bankstas and EuroZones (that means we have to examine the North American facsimile we have set up and via trade policy rules) = no more international war-conomy.
All I can say is that Corzine would have been a hell of a lot better off by staying the in the US Senate. Could have stayed there as long as he wanted and would have been (usualy) reliable liberal vote.
Can’t recall where, but when it was floated that the IMF would back Italy to the tune of 600Billion, someone commented that that meant the US taxpayer would be backing Italy, through the IMF, but with US funds. We get our clout in the IMF by being the biggest funder ater all….